1684 results returned for search: "" category "Business" author Jonathan Kent
Reinsurer Validus Holdings has estimated that its losses related to the sunken oil rig in the Gulf of Mexico will be between $38 million and $45 million.
Validus, which said on Friday that its estimate was based on an industry loss of around $1.3 bil...
DATE: May 03, 2010
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
Shareholders have approved XL Capital Ltd.'s plan to redomesticate to Ireland and to change its name to "XL Group".
The Bermuda-based global re/insurer announced the news late on Friday after a special shareholder meeting and added that it hoped to r...
DATE: May 03, 2010
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
The new owners of Bermuda Commercial Bank Ltd. yesterday announced an agreement to buy First Bermuda Group Ltd.
Permanent Investments Ltd. (PIL), which acquired a 54 percent controlling interest in BCB earlier this month, announced the deal yesterday...
DATE: Apr 30, 2010
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
Bermuda-based broker and investment firm LOM (Holdings) Ltd. announced yesterday that it made a loss of almost $440,000 in 2009 after a recovery in the second half of the year.
In a letter to shareholders, LOM chief executive officer Scott Lines said...
DATE: Apr 30, 2010
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
The Bermuda-based private-equity services operations of Schroders have been acquired by the global custody and fund services arm of US banking giant JP Morgan.
Around 50 people work at Schroders' Bermuda office, based in Schroders House, on Front Str...
DATE: Apr 30, 2010
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
Shareholders of Max Capital Group Ltd. and Harbor Point Ltd. have "overwhelmingly" approved the merger of the two Bermuda re/insurers.
Pending regulatory approvals, the two companies expect to complete their amalgamation before the end of June.
The c...
DATE: Apr 30, 2010
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
Bermuda is battling for captive insurance company business at the RIMS annual conference in Boston — and the technical expertise of the Island's insurance regulators is one of their main weapons.
Several of the inquiries coming in at the Bermuda boot...
DATE: Apr 28, 2010
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
Finance Minister Paula Cox got a warm reception from insurance industry delegates in Boston yesterday, as she headed the Bermuda delegation in what has become a traditional walkabout at the RIMS annual conference.
Ms Cox said in an interview that it ...
DATE: Apr 28, 2010
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
Butterfield Bank yesterday announced a first-quarter loss of $176.3 million — largely as a result of offloading most of the troubled assets that plunged the bank into turmoil over the past two years.
Chief Executive Officer Brad Kopp said that the ba...
DATE: Apr 28, 2010
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
Bermuda re/insurer Axis Capital Holdings Ltd. posted a $112 million profit for the first quarter — despite catastrophe losses estimated at $147 million.
In its earnings statement last night, Axis estimated pre-tax net losses of around $100 million fo...
DATE: Apr 27, 2010
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
